The future market research report contains information for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2026. The report analyzes and presents an overview of ‘Forging – Global Market Outlook (2017-2026)’ is a professional analysis, drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations and in-depth research & with a focus on the current state of the global industry.
Global Forging Market is accounted for $67886.39 million in 2017 and is expected to reach $110575.16 billion by 2026 growing at a CAGR of 6.3% during the forecast period.
Forging for global market growing demand for ferrous metals, strong demand for high-strength metal components and cost effective method of metal forming are some key factors propelling the market growth. However, factors such as increasing usage of casting or stamping process, rising demand for plastics as a substitute and environmental rules & regulations are hampering the market growth. Moreover, use of renewable source of energy for forging provides huge growth opportunities for the market.
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The global Forging market is highly fragmented and the top key players have used various strategies such as new product launches, sales, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forging market for global, North America, Asia Pacific, South America and Middle East & Africa.
SOME OF THE KEY PLAYERS IN GLOBAL FORGING MARKET INCLUDE
- Arconic Inc.
- American Axle & Manufacturing Holdings
- Allegheny Technologies Incorporated
- Nippon Steel & Sumitomo Metal
- ThyssenKrupp AG
- Bharat Forge Limited
- HHI Forging
- Patriot Forge
- Ellwood Group
- Scot Forge
- Sypris Solutions
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Forging refers to a process of shaping the material by applying compressive force manually by forging machines or with the use of power hammers. These forged parts include bolts, connecting rods, turbine shafts, crane hooks, hand tools, gears, and other components used in machine manufacturing. Forging process can be carried out on materials in either cold or hot state.
- Rotary Forging
- Closed Die Forging
- Upset Forging
- Open Die Forging
- Precision Die Forging
- Seamless Forging
- Roll Forging
- Other Types
- Impression Die
- Open Die
- Aluminum Precision
- Rolled Rings
- Oil and Gas Industry
- Aerospace Industry
- Automotive Industry
- Power Generation
- Other Applications
Raw materials Covered:
- Stainless Steel
- Other Raw Materials
Amongst end user, automotive segment commanded considerable market share during the predicted period. Low fuel rates and interest rates are the factors growth of automotive industry of the forging market. By geography, Asia Pacific region is expected to register the maximum market share during the estimated period. Due to development in infrastructure, improvement in automotive and construction industries in the developing economies and recognition of the emerging country such as India as the manufacturing hub is propelling the growth of forging market in this region.
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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